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Consolidated Balance Sheets - USD ($)
Dec. 31, 2022
Dec. 31, 2021
CURRENT ASSETS:    
Cash $ 6,051,713 $ 4,986,559
Restricted cash 121,636 108,083
Lease receivables, net 35,540,043 25,473,154
Loan receivables at fair value 32,932,504 3,560,108
Prepaid expenses and other assets 3,489,136 1,823,256
Lease merchandise, net 31,550,441 40,942,112
Total current assets 109,685,473 76,893,272
Property and equipment, net 8,086,862 5,490,434
Right of use asset, net 1,406,270 1,553,330
Intangible assets, net 15,162,349 4,960
Other assets, net 1,934,728 870,060
Deferred tax asset, net 12,013,828
Total assets 148,289,510 84,812,056
CURRENT LIABILITIES:    
Accounts payable 6,511,943 7,982,180
Accrued payroll and related taxes 310,820 391,078
Promissory notes to related parties, net of $0 at 2022 and $1,274 at 2021 of unamortized issuance costs, including accrued interest 1,209,455 1,053,088
Accrued expenses 3,988,093 2,987,646
Lease liability - current portion 208,001 172,732
Total current liabilities 12,228,312 12,586,724
Loan payable under credit agreement to beneficial shareholder, net of $352,252 at 2022 and $413,076 at 2021 of unamortized issuance costs 80,847,748 50,061,924
Promissory notes to related parties, net of current portion 10,750,000 3,750,000
Promissory note related to acquisition, net of $1,165,027 discount at 2022 3,158,471
Purchase consideration payable related to acquisition 8,703,684
Deferred income tax liability   495,166
Lease liabilities net of current portion 1,566,622 1,774,623
Total liabilities 117,254,837 68,668,437
STOCKHOLDERS’ EQUITY    
Series 1 Convertible Preferred Stock, $0.001 par value - authorized 250,000 shares, issued and outstanding 170,332 shares at $5.00 stated value 851,660 851,660
Series 2 Convertible Preferred Stock, $0.001 par value - authorized 25,000 shares, issued and outstanding 21,952 shares at $1,000 stated value 21,952,000 21,952,000
Common stock, $0.0001 par value- authorized 40,000,000 shares, issued and outstanding 21,750,804 shares at December 31, 2022 and 21,442,278 shares at December 31, 2021 2,176 2,144
Additional paid in capital 39,819,420 38,560,117
Accumulated deficit (31,590,583) (45,222,302)
Total stockholders’ equity 31,034,673 16,143,619
Total liabilities and stockholders' equity $ 148,289,510 $ 84,812,056